Alta Capital Management LLC Sells 1,158 Shares of The Sherwin-Williams Company (NYSE:SHW)

Alta Capital Management LLC decreased its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 88,402 shares of the specialty chemicals company's stock after selling 1,158 shares during the period. Sherwin-Williams makes up about 2.0% of Alta Capital Management LLC's portfolio, making the stock its 22nd biggest position. Alta Capital Management LLC's holdings in Sherwin-Williams were worth $30,869,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Voleon Capital Management LP bought a new position in shares of Sherwin-Williams in the fourth quarter worth about $2,011,000. Wealthcare Advisory Partners LLC increased its position in Sherwin-Williams by 18.4% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock worth $308,000 after purchasing an additional 137 shares in the last quarter. Horizon Investments LLC lifted its stake in Sherwin-Williams by 2.7% in the 4th quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company's stock valued at $2,050,000 after purchasing an additional 161 shares during the last quarter. Clark Capital Management Group Inc. lifted its stake in Sherwin-Williams by 4.3% in the 4th quarter. Clark Capital Management Group Inc. now owns 1,494 shares of the specialty chemicals company's stock valued at $508,000 after purchasing an additional 61 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd boosted its position in Sherwin-Williams by 5.6% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 2,171,802 shares of the specialty chemicals company's stock valued at $738,261,000 after buying an additional 114,591 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

SHW has been the subject of several research analyst reports. Royal Bank Of Canada upped their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Citigroup cut Sherwin-Williams from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $405.00 to $385.00 in a report on Friday, June 13th. Jefferies Financial Group reissued a "hold" rating and set a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Mizuho set a $395.00 price target on Sherwin-Williams in a report on Tuesday, April 15th. Finally, Barclays lowered their price objective on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $397.67.

Sherwin-Williams Price Performance

SHW stock traded up $1.42 during mid-day trading on Friday, reaching $332.89. 2,702,942 shares of the company traded hands, compared to its average volume of 1,727,710. The company has a fifty day moving average price of $348.31 and a 200-day moving average price of $349.76. The Sherwin-Williams Company has a 52-week low of $292.27 and a 52-week high of $400.42. The company has a market capitalization of $83.42 billion, a P/E ratio of 31.46, a P/E/G ratio of 3.01 and a beta of 1.21. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the prior year, the firm posted $2.17 EPS. Sherwin-Williams's revenue was down 1.1% on a year-over-year basis. As a group, analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.95%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's dividend payout ratio is 29.87%.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.